MoneyWorks4Me

Hindustan Copper tumbles on reporting 85% fall in Q3 net profit

06 Feb 2015 Evaluate

Hindustan Copper is currently trading at Rs. 68.50, down by 2.65 points or 3.72% from its previous closing of Rs. 71.15 on the BSE.

The scrip opened at Rs. 69.00 and has touched a high and low of Rs. 69.40 and Rs. 68.50 respectively. So far 36444 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 11-Jun-2014 and a 52 week low of Rs. 57.75 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 73.50 and Rs. 68.50 respectively. The current market cap of the company is Rs. 6416.39 crore.

The promoters holding in the company stood at 89.95% while Institutions and Non-Institutions held 7.42% and 2.63% respectively.

Hindustan Copper has reported a fall of 84.64% in its net profit at Rs 10.59 crore for the quarter under review as compared to Rs 68.96 crore for the same quarter in the previous year. Moreover, total income of the company has dropped 42.15% at Rs 257.17 crore for Q3FY15 as compared Rs 444.52 crore for the corresponding quarter previous year.

Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.

Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
View more..